by DogBert
johnpbarlow wrote:By all accounts I've seen, the GE-PAR lease deal seems to be a big win for Billerica (esp with GE doing maintenance). But given the prolific discussion on this forum of how little capital $ PAR management spends or has available to spend, why did GE strike this deal? Does GE regard it as low risk in that if PAR fails to live up to terms, GE will just reclaim the units? Or is there some other Pan Am asset securing the deal?Another angle here is GE's number crunchers probably found it won't cost them anything, and it could be used to market other used GEs to other regions & short lines: "dump your tired old EMDs, take our GEs at a low price - save big on fuel & maintenance'. I could be way off but that's my theory. it cold also be as simple as 'what do they have to lose'? All of this power was going to be scrapped otherwise.